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Increased Real Estate Mortgage Rates

Increased Real Estate Mortgage Rates

Mortgage Rates on the Rise!

            Average U.S. mortgage rates rose modestly this week, a move that makes home-buying a bit less affordable. Still, rates remain near historically low levels.

            Mortgage buyer Freddie Mac said Wednesday that the average rate on the 30-year loan increased to 4.29 percent from 4.22 percent last [...]

Mortgage Rates Rise

     Already difficult, landing a mortgage may actually get a lot harder before it gets easier. We all know the downside now of rising interest rates. Home buyers are in love with rock bottom interest rates, which, at least in theory, have significantly increased their purchasing power. (OK, low rates have also helped reinflate home

What The Increased Interest Rates Mean for Millennials

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The Federal Reserve has finally raised its interest rate. The impact on savings accounts won't be huge, at least for now. However, with the December increase, the fed funds rate - which has been circling zero for the last six years - went up a quarter percent. Though this is a baby step, bigger changes could come in 2016 if the Fed continues to raise rates. So here's what millennial savers and borrowers should know and more improtantly, what to do about it.